logo
BYD's 5-minute EV flash chargers coming to Europe

BYD's 5-minute EV flash chargers coming to Europe

Daily Mail​11-06-2025
BYD will bring its ultra-rapid electric car chargers to Europe, it has confirmed, meaning EV owners will be able to recharge as fast as filling up with petrol. The Chinese EV giant, which recently dethroned Tesla as the biggest electric car maker in the world, has confirmed it will install a network of 'flash chargers' in Europe within the next 12 months.
BYD's (which stands for Build Your Dreams) executive vice president Stella Li announced the news to journalists in Brussels last week. The ultra-rapid chargers use a 1,000kW architecture, making them much more powerful than its US rival's Superchargers, which only charge up to 250kW and deliver 172 miles in 15 minutes.
Li claims the flash chargers will allow EV drivers to replenish their batteries in just five minutes with the technology described as a 'game changer' that will boost EV confidence and remove range and charge anxiety. Initially, the devices will be installed at BYD dealerships, though other partnerships and locations are currently under consideration.
Part of the brand's Super e-Platform – which includes an overhauled powertrain, an upgraded motor and battery - the 'flash chargers' add 1.2 miles of range per second, which gives the five-minute industry-first figure. The chargers also let cars with older batteries top up 20 to 30 percent faster than normal.
BYD already sells EVs equipped with batteries that can recharge up to 250 miles (400km) in five minutes. While the confirmation from Stella Li is good news for European BYD drivers, no extra details have been given as to how the chargers will cater for European EV technology.
There are currently limitations on Europe's CCS (Combined Charging System) rapid chargers which cap power at 500kW, with many manufacturers limiting EVs to lower charging figures to help long term battery health. Most European EVs can handle up to 200kW on a 500A charger, with only a few able to handle up to 350kW. BYD's 1,000kW chargers massively overshoot this.
The expansion of BYD's charging network into Europe is the latest part of the Shenzhen-based company's goal to dominate the EV and plug-in hybrid market in Europe. Li explained that by 2030 BYD wants to be a major player in the European automotive market, with plans to open a production site in Hungary this year, along with a R&D center and a European headquarters in Budapest.
BYD's European sales have seen steady monthly growth of 10 percent, Li says, with the carmaker aiming to build more production sites on the continent in the future if sales continue to go well. Li commented: 'We are going to build in Europe to sell in Europe. We are looking at the long-term. We are here to stay.'
Which BYD cars can you buy in the UK?
BYD arrived in 2023 and brought with it three models that undercut European brands by offering high levels of quality, tech, and battery advancements for a more affordable price: the Atto 3, the Dolphin and the Seal which cost £37,705, £26,205 and £45,705 respectively. The forthcoming Atto 2 compact SUV will arrive later this year and is set to start at £30,000.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Zelenskiy says Russia seems more inclined now to a ceasefire
Zelenskiy says Russia seems more inclined now to a ceasefire

Reuters

time17 minutes ago

  • Reuters

Zelenskiy says Russia seems more inclined now to a ceasefire

KYIV, Aug 6 (Reuters) - Ukrainian President Volodymyr Zelenskiy said on Wednesday that Russia seemed "more inclined" to a ceasefire, but details of a potential deal are of great significance and neither Ukraine nor the U.S. should be deceived by Moscow. President Donald Trump said his special envoy Steve Witkoff's meeting with Russian leader Vladimir Putin on Wednesday delivered "great progress," but Trump gave no specifics. Following the meeting, Zelenskiy had a call with Trump, joined by European allies. "Ukraine will definitely defend its independence. We all need a lasting and reliable peace. Russia must end the war that it itself started," Zelenskiy said on X. Trump, who has signalled frustration with Putin in recent weeks and has given the Russian president until Friday to make peace with Ukraine or face tougher sanctions, hailed Witkoff's visit as highly productive. But a White House official said the secondary sanctions that Trump has threatened against countries doing business with Russia were still expected to be implemented on Friday. An executive order introducing additional 25% tariffs on India for Russian oil imports was signed on Wednesday. "The pressure on (Russia) works. But the main thing is that they do not deceive us in the details – neither us nor the U.S.," Zelenskiy said. Ukraine has repeatedly called for an immediate and unconditional ceasefire. Russia, which now controls about a fifth of Ukrainian territory and proceeds with its advances on the eastern front, rejected the idea. National security advisers from Ukraine and allied nations were to meet soon to work out a "joint stance", Zelenskiy added.

Wall Street gains, as oil prices reverse course
Wall Street gains, as oil prices reverse course

Reuters

time20 minutes ago

  • Reuters

Wall Street gains, as oil prices reverse course

NEW YORK/LONDON, Aug 6 (Reuters) - Wall Street indexes gained on largely upbeat corporate earnings, and U.S. yields also rose on Wednesday, while European shares closed flat and broke a two-day winning streak. U.S. President Donald Trump issued an executive order imposing an additional 25% tariff on goods from India, saying the country has imported Russian oil. Oil prices reversed earlier gains and touched fresh lows after U.S. Secretary of State Marco Rubio indicated there would be an announcement later on Wednesday regarding potential sanctions against Russia over its war in Ukraine. MSCI's gauge of stocks across the globe (.MIWD00000PUS), opens new tab rose 0.72% to 933.94. On Wall Street, the Dow Jones Industrial Average (.DJI), opens new tab rose 0.32% to 44,254.95, the S&P 500 (.SPX), opens new tab gained 0.76% to 6,347.26 and the Nasdaq Composite (.IXIC), opens new tab added 1.16% to 21,160.02. "Earnings are seeing a mixed reaction. Particularly for a few of the AI names, expectations were just extremely high, but by and large, the earnings in aggregate have been good enough to keep a floor under the market," said Ross Mayfield, investment strategy analyst at Baird. Europe's broad STOXX 600 index (.STOXX), opens new tab closed 0.06% lower, dragged down by healthcare stocks after Trump announced a tariff plan for the pharmaceutical sector. MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS), opens new tab closed lower by 0.08% to 654.33, while Japan's Nikkei (.N225), opens new tab rose 0.60% to 40,794.86. The health of the U.S. economy is a major focus for markets, and Wall Street closed lower on Tuesday after data showed services sector activity unexpectedly flatlined in July. That reinforced the message from Friday's soft jobs data, which caused markets to significantly increase bets on the Federal Reserve cutting rates in September. "There's this tug-of-war going on between the more concrete signs that we have seen that the U.S. economy is slowing and the fact that rate cuts are coming, which removes some of the pressure on valuations," said Samy Chaar, chief economist at Lombard Odier. Traders have been focused on tariff impacts. "The market is more focused on the fact that we're not getting maximalist tariffs, but I wonder if it isn't focusing enough on the fact that we are still getting something moderate, and more could be coming, pharmaceuticals for example," Chaar said. Trump on Tuesday said he would announce tariffs on semiconductors and chips in the next week or so, while the U.S. would initially impose a "small tariff" on pharmaceutical imports before increasing it substantially in a year or two. He said the U.S. was close to a trade deal with China, and he would meet his Chinese counterpart Xi Jinping before the end of the year if an agreement was struck. Brazil's government has filed a consultation request at the World Trade Organization over U.S. tariffs. In the government bond market, Treasury yields gained ground. The yield on benchmark U.S. 10-year notes rose 4.2 basis points to 4.238%, from 4.196% late on Tuesday. Fed funds futures imply a 94% chance of a rate cut next month, with at least two cuts priced in for this year, according to the CME's FedWatch. Investors are waiting for Trump's pick to fill a coming vacancy on the Fed board of governors. Trump said the decision will be made soon, while ruling out Treasury Secretary Scott Bessent as a contender to replace current chief Jerome Powell, whose term ends in May 2026. The euro was 0.71% higher at $1.1656. The dollar index , which measures the greenback against a basket of currencies including the yen and the euro, fell 0.53% to 98.20. Brent oil futures lost 0.95% to $67 a barrel and U.S. crude fell 1.14% to $64.43. Spot gold prices fell 0.33% to $3,369.62 an ounce. U.S. gold futures settled flat at $3,433.4.

Reeves has driven Britain to the brink. Full-blown crisis will soon be upon us
Reeves has driven Britain to the brink. Full-blown crisis will soon be upon us

Telegraph

time20 minutes ago

  • Telegraph

Reeves has driven Britain to the brink. Full-blown crisis will soon be upon us

Britain's fiscal reckoning has arrived. The £20bn 'black hole' has, according to one new estimate, doubled in size under Rachel Reeves's dubious stewardship. Most of the money we are now borrowing is going not towards servicing our debt, but the interest on that debt. Colossal off-the-book liabilities, such as public sector pensions, have been hidden from voters by successive governments. They are now falling due. For years, the country has behaved like a household hooked on payday loans. Now, the bills have come through the letterbox and we've no cash left to cover them. Even the National Institute of Economic and Social Research, traditionally Left-leaning, is warning that if the Chancellor is to remain within her fiscal rules, she must raise taxes or cut spending by £51bn. Not even the Office for Budget Responsibility can maintain the fiction that the current trajectory is sustainable. Reductions in spending are out of the question, as the ludicrous welfare row exposed. What many may not realise is that around 75 per cent of government expenditure is mandated – benefits, pensions, for instance – and cannot be avoided in the short-run. Only a quarter is discretionary – areas such as transport, or defence. This means that major spending cuts would require primary legislation, which feckless Labour backbenchers will never swallow. It also means that further tax rises, which Reeves in January insisted would not be necessary, are inevitable. No wonder asset managers are telling clients to prepare for 'very real, very targeted moves on people with portfolios, pensions and property'. Keir Starmer has refused to rule out further tax increases in the autumn Budget. Be afraid, be very afraid. How did we get into this mess? Not since 2001 has a chancellor presented a balanced Budget. Despite lip-service to fiscal probity, the desire to splurge has consistently outweighed the need for restraint. Lord, give me continence, but not yet. Politicians, of whatever stripe, have engaged in a collective delusion: that the Treasury is so awash with cash it is scrambling to find things to spend it on. Pay rises across the public sector? Green subsidies? A pointless railway to Birmingham? Bring it on. But the overall state of the public finances tells a grim story. In 2024-25, the state is projected to spend £1.2tn. Some £450bn of this will go on welfare, health and pensions – more than the entire take from income tax, National Insurance and VAT combined. The UK entered this century with debt at around 30 per cent of GDP; it's now pushing 100 per cent. The tax burden is at a post-War high, set to be around 37.5 per cent of GDP for the rest of this Parliament, yet core public services are crumbling and the crowd yells out for more. Polling suggests the public are closer to grasping our fiscal reality than politicians, with economic optimism now half what it was in July 2024. But even growing pessimism isn't enough to slake their thirst for more spending. Some 9.1 million people of working age are currently economically inactive. Over half of households are taking more from the state than they are putting in. As the number of net contributors shrinks, who, exactly, do people believe is footing the bill? More than two centuries ago, Adam Smith wrote: 'Little else is requisite to carry a state to the highest degree of opulence... but peace, easy taxes and a tolerable administration of justice.' Peace is uncertain, the administration of our increasingly wonky justice has time lags measured in years, and taxes increasingly drag us down. Council tax on our homes. The licence fee. VAT on virtually every product we consume. Vehicle Excise Duty. Congestion charges, tolls, Ulez. The sugar tax. A Digital Services tax on any online orders or subscriptions. Income tax. National Insurance Contributions raised for employers, but which in the end the employee will pay. It's enough to drive us to – massively taxed, of course – drink. And the more convoluted the system becomes, the easier it is for governments to mask the scale of the extraction and the harder it is to scrutinise – or object. Taxes should be visible and just. Currently, they are neither. This is not by accident, but design. Worse still, the public has been fed a series of monstrous lies about tax-and-spend. That it is not only necessary for the state to plunder our earnings and assets, but moral. That squeezing the private sector to fund the public mysteriously delivers growth. That the 'rich' aren't paying their 'fair share', despite all the evidence to the contrary. That we could tax the 'wealthy' without punishing the middle classes. Of all Labour's pledges, none has unravelled faster than the self-defeating promise to shield 'working people' from tax hikes. They punished businesses, and since the start of the year, employment is down, unemployment is up, wage growth has stalled and vacancies are falling. They waged war on independent schools, and since January 50 have closed, with all the job casualties that brings. The affluent, as the Telegraph this week reports, have paid their fees in advance – a luxury poorer parents, those who strain every sinew to privately educate their children, cannot afford. The list goes on. Reeves's inheritance tax assault on family farms has triggered the worst collapse in rural businesses since 2017. Non-doms are fleeing almost as fast as small boats are arriving, taking with them billions in tax receipts, spending and investment. Labour said they would deliver the kind of 'growth' that would haul us out of the post-lockdown economic crisis, but are giving us stagnation. Even if they renege their manifesto pledge not to hike income tax, VAT or National Insurance, it might not be enough. There are major structural problems in our economy – a broken planning system, suffocating regulation – to which this Government has no answer. And, at some point, tax takes begin to destroy growth, with one study suggesting each 10 per cent rise in tax reduces the growth rate by around 1.2 per cent. We are completely boxed in. Politically, of course, breaking their tax triple lock would be a disaster. As Professor John Curtice tells me, it could prompt a tuition-fees moment – a betrayal that would be forever etched in the public's memory. Our overall approach to the public finances is self-evidently unsustainable. A retrenchment of state expenditure is coming at some point and the longer we wait the more painful it will be. We've lived in Neverland for too long. It's time to say no, we don't believe in fairies.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store